Posted: Jul 12, 2012 2:23 PM
Updated: Jul 12, 2012 2:23 PM
Source: Associated Press
WASHINGTON - Federal documents filed by Mitt Romney's former company appear to conflict with the Republican presidential candidate's statements about when he left Bain Capital. The private-equity firm is central to Romney's legacy in the private sector.
Bain told the Securities and Exchange Commission in February 2001 that Romney was its sole shareholder, director, chief executive officer and president. It said Romney's "principal occupation" was as Bain's managing director.
Romney's campaign repeatedly has said Romney had virtually nothing to do with Bain's operations after February 1999.
Questions about Romney's control at Bain Capital from 1999 to 2001 are important in his campaign. That's when the company oversaw investments that either sent jobs abroad or filed for bankruptcy.